Element 25 Limited trading halt request details

Element 25 Limited (ASX:E25) has requested a trading halt from the Australian Securities Exchange (ASX) effective from 20 September 2024. The trading halt is sought pending an announcement by the US Department of Energy (DoE) where Element 25 has been selected for award negotiations in relation to a grant in support of the Company's High Purity Manganese project in Louisiana, United States of America. The trading halt will remain in place until the earlier of the commencement of normal trading on Tuesday, 24 September 2024, or until the release of an announcement in respect of the above matter.

Company's request for trading halt and grant negotiations

The trading halt request by Element 25 Limited is a standard procedure in anticipation of a significant announcement. The Company has been selected for award negotiations by the US Department of Energy for a grant related to its High Purity Manganese project in Louisiana. This indicates a potential positive development for the Company, and the trading halt is a precautionary measure to ensure fairness and transparency in the market. Element 25 Limited appreciates the understanding and cooperation of its stakeholders during this period.

Trading halt request and future prospects

Element 25 Limited's request for a trading halt is directly linked to the potential award negotiations with the US Department of Energy for a grant supporting its High Purity Manganese project in Louisiana. The Company's proactive approach in seeking the trading halt demonstrates its commitment to maintaining market integrity and ensuring all investors have equal access to information. If successful, the grant negotiations could significantly impact Element 25's operations and contribute to its strategic growth in the United States. The Company remains optimistic about the outcome and looks forward to providing further details to the market once the trading halt is lifted.